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Monday, 27 June 2016

The Disunited Kingdom: Brexit - 06/26/201

The
Disunited Kingdom

Things
are unravelling very quickly. Not only are the Scottish determined to
have another referendum on independence but are raising the
possibility of a veto of Brexit but we have a majority of French ( a
founding nation) want to have a referendum as well as another 7
nations

The
elites of course have no intention of allowing the masses of ‘useless
eaters” determine their own future.

It appears, just
as we warned,
that Brexit was indeed the first of many dominoes. Even
before the Brexit result, a
poll by Ipsos Mori showed that the majority of people in France and
Italy want to at least have a referendum on leaving:

Meanwhile,
over 40% of Swedes, Poles, and Belgians are in the same boat.

But
now, as
Martin Armstrong notes,
Brussels simply went too far. They cross the line moving from an
economic union to a political subordination of Europe. Now
eight more countries want to hold referendums to exit the EU –
France, Holland, Italy, Austria, Finland, Hungary, Portugal, and
Slovakia all could leave.

.

Research
finds demand for U.K.-style membership votes in other EU countries

Research
from Edinburgh University shows that 53 percent of French would like
to hold their own vote on EU membership, and in Spain, Germany and
Sweden more people are in favor of doing so than are opposed.

Marine
le Pen, leader of the hard-right Euroskeptic party Front National,
which wants France to hold an EU referendum, welcomed the research in
a blog post, saying French demands for a referendum were “extremely
encouraging.”

The Scottish First Minister Nicola Sturgeon says she may ask the Scottish parliament to block the UK’s exit from the EU. However, she doesn’t believe there should be any border between Scotland and England if the country gained independence from the UK.

Speaking to the BBC, Sturgeon said she would have no qualms asking parliament to veto legislation that would see the UK exit the EU.

"If the Scottish Parliament was judging this on the basis of what's right for Scotland then the option of saying look we're not to vote for something that's against Scotland's interest, of course that's got to be on the table."

Mr
Corbyn is accused by critics of being at best half-hearted in his
support for the Remain campaign. Labour MPs also fear that after the
Conservative Party has chosen a new leader, the incoming prime
minister will call a snap general election. One former Labour Cabinet
minister forecast yesterday that if the party went into a general
election with Mr Corbyn at the helm, they could lose 100 seats.

Today,
the Labour leader is due to have a crisis meeting with his deputy,
Tom Watson, who pointedly failed to speak up in support of the leader
amid a flood of frontbench resignations, which is expected to
continue today.This is George Galloway's response

With
both David Cameron and George Osborne having vaporized and seemingly
no one ready (or willing) to take charge in this transition period in
which Cameron is no longer the effective PM, yet is unwilling to
trigger Article 50, many have been looking to the presumptive next
PM, Boris Johnson, to emerge and say a few encouraging words, which
he seemingly evaded most of the weekend. However, at 10pm local time,
a long overdue BoJo Op-ed graced the pages of the pro-Brexit
telegraph, in which the former London mayor says that he "cannot
stress too much that Britain is part of Europe – and always will
be", writes that he believes "that this climate of
apprehension is understandable, given what people were told during
the campaign, but based on a profound misunderstanding about what has
really taken place", but the key statement, and the one all of
the understandably confused "Leave" voters will be looking
for is Johnson's explanation of what he thinks will change. To wit:

“The
only change – and it will not come in any great rush – is that
the UK will extricate itself from the EU’s extraordinary and opaque
system of legislation: the vast and growing corpus of law enacted by
a European Court of Justice from which there can be no appeal. This
will bring not threats, but golden opportunities for this country –
to pass laws and set taxes according to the needs of the UK.”

It
remains to be seen if he can convince the Leave - and certainly
Remain - camps (the latter, we doubt), especially since nowhere in
the op-ed is the all important topic of Article 50 invoked, and more
importantly, who and when will trigger it, perhaps the only issue
which the markets demand clarity on at this moment.

Chancellor
to make morning statement to reassure markets as survey reveals
negative business impact of EU vote

British
businesses have warned that Brexit will trigger investment cuts,
hiring freezes and redundancies as the consequences of leaving the
European Union threaten to destabilise markets further this week.

The
survey by the Institute of Directors (IoD), which found that the
majority of businesses believed Brexit was bad for them, comes amid
fears that investors will wipe billions more pounds off share values
on Monday morning, and signs that the pound, which hit a 30-year low
on Friday, was coming under further pressure from trading in Asia.
Sterling was down more than 1% as the Asian markets opened late on
Sunday.

George
Osborne will make a statement on Monday morning ‎to provide
reassurance about financial and economic stability in light of the
referendum result and the actions that he and the rest of the
government will be taking to protect the national interest over the
coming period

And
regrettably, they are still doing their best to sell us the flagging
narrative of a “grassroots” response. “Overall, close to 2.5m
signatures had been garnered from within the UK by Sunday lunchtime,
making up an overwhelming proportion of the whole,” reads their
last para…

……although
it’s difficult to tell how many of these were genuine…..”

Hmmm.
Sort of makes the first part of that sentence a bit redundant doesn’t
it.

Meanwhile,
in another part of the forest, the entire media and establishment
have united to try and remove Corbyn before an early election is
called and there is even a remote chance of a genuine anti-austerity
pro-humanity prime minister in No 10.

Former
UK Prime Minister Tony Blair says that a second Brexit referendum
should not be ruled out in the process of redefining the country’s
relationship with the European Union (EU).

Blair
made the comments in an interview with the BBC on Sunday, days after
Thursday’s EU referendum, which saw Britain breaking away from the
bloc by a 52-48 margin

CrossTalk:
Bullhorns Brexit

The
meaning of Brexit – the bigger picture. UK voters have rejected the
EU and, importantly, they have rejected the political status quo.
Today, sovereignty and national interest trump elite-driven
internationalism.